It's called the house of study, and is known in Hebrew as a beth midrash. Batei midrash (that's the plural) exist in many styles and sizes and sometimes function as a synagogue or yeshiva as well. Jews go there and study/learn from Torah-texts etc. Batei midrash have existed since ancient times.

Jews have 3 types of houses: a synagogue (house of prayer), a beth midrash (house of study and meeting), and apartments or houses to live in (which are the same as yours).

The Rabbi's made the Midrash

The purpose of Midrash is to teach about the Scripture and how to use the Scripture

Midrash Shmuel Yeshiva was created in 1993.